(a) For the purposes of funding the construction, maintenance and operation of storm water management facilities, systems and management plans authorized under this article, a township may assess reasonable and uniform fees based in whole or in part on the characteristics of the property benefited by the facilities, systems and management plans. The fees assessed may not exceed the amount necessary to meet the minimum requirements of the Federal Water Pollution Control Act (62 Stat. 1155, 33 U.S.C. § 1251 et seq.), and Federal or State laws governing the implementation of the Federal Water Pollution Control Act, for the construction, maintenance and operation of storm water management facilities, systems and management plans, as specified in 40 CFR 122.26 (relating to storm water discharges (applicable to State NPDES programs, see § 123.25)). In establishing the fees, the township shall consider and provide appropriate exemptions or credits for properties which have installed and are maintaining storm water facilities that meet best management practices and are approved or inspected by the township.

(b) Any fee levied by the township can be assessed in one of the following methods:

(c) Any fee collected for the purposes of storm water management may only be used for the purposes authorized by this article.

(d) The assessments shall be filed with the township treasurer.

(e) An ordinance shall specify whether payments are to be made by annual or more frequent installments.